CESC PBT Climbs To Rs 70 Crore

Kolkata, April 29 | Updated: Apr 30 2004, 05:30am hrs
CESC Ltd, the RPG-controlled power utility, on Thursday reported a Rs 63 crore increase in profit before tax (PBT) for the 2003-04 over the previous fiscal basing on higher sales and plant load factor (PLF), and lower interest cost and power purchase volume.

According to the unaudited result of the company for the fiscal to March 31, 2004, the company earned a PBT of Rs 70 crore on a net sales of Rs 2,356 crore compared with the previous fiscals Rs 7 crore and Rs 2,185 crore, respectively.

However, the company said that net sales had been accounted for based on the interim tariff order of April 23, 2003 of the West Bengal Electricity Regulatory Commission for 2003-04. Accordingly, the results are subjected to changes based on the final order of the commission on the tariff petition made by the company for the fiscal.

CESCs interest cost had declined from Rs 396 crore to Rs 344 crore and power purchase from 1,162 million units (MU) to 863 MUs, while PLF of its three generating stations Budge Budge, Titagarh and Southern increased from 76 per cent to 80 per cent.